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with compliance departments and upstarts with energy and ideas. this status inequality demands our attention. last week's bipartisan passage of the unfunded mandate's transparency and information act is a good start, but much more must be done. i yield back. the speaker pro tempore: the gentlelady's time has expired. the chair will receive message. the messenger: mr. speaker, a message from the president of the united states. the secretary: mr. speaker. the speaker pro tempore: mr. secretary. the secretary: i am directed by the president of the united states to deliver to the house of representatives a message in writing. the speaker pro tempore: for what purpose does the gentleman from minnesota seek recognition? for what purpose does the gentleman from south carolina eek recognition? without objection, the gentleman is recognized for one minute. mr. wilson: mr. speaker, transitioning from military to civilian life can be challenging for our veterans. the skill sets learned while serving in the armed forces are highly valued and confidence is extraordinary of veterans who have proven work ethic.
will be recognized for one minute. >> mr. speaker, i rise today in strong support of the nuclear energy sector, not only do nuclear power plants provide affordable, reliable and clean energy, they also provide many quality high-paying jobs and are the backbone of many communities. my district is shome to a nuclear plant -- is home to a nuclear plant that employs near 700 people. nuclear energy is a secure energy source that plays a vital role in a responsible, all-of-the-above energy policy. mr. davis: it is the biggest provider of reliable, efficient, clean energy and it provides on-demand energy 24/7. the recent record cold temperatures in the midwest show the importance of energy diversification. many of my constituents saw steep increases in their electric bill. while pipes froze and transportation became difficult because of iced roads and bridges, nuclear power remained consistent. i worry that things could have become worse if nuclear power wasn't able to fill the gaps where needed. this is why i stand here today in support of nuclear energy and all of my constituents and the hardworkin
with cleanpowersf, that is to reduce energy costs, create higher renewable energy sources for the citizens of this city, to reduce exposure to fuel cost volatility. you will recall cca started because of the bankruptcy of pg&e and the unreliability of certain transmission issues. we're at the end of the transmission of the power grid, was to increase reliability and improve environmental quality. so, what we're looking at asking and what we're asking for is a consultant or consultants to create a city-wide integrated clean energy and efficiency installation network. now, there's a number of components. the rfp has been attached to your packet. i wasn't going to go into all of those, but basically to tell you that the rfp -- runs parallel with the current program as devised with the shell, but it also asks for alternatives to the shell contract such as as you heard previously, what alternatives be they other power purchasers or sfpu staff itself. and it identifies financing and asks for an overall plan for implementation, both short term and long term. the critical issue, we've talked a lot
city, and san francisco clean energy advocates which is a coalition working to move forward cleanpowersf. so, it's really important after that presentation to focus on this issue of available money and bonding and how that relates to the s.f.p.u.c.'s quote-unquote financial crisis. first of all in 2002 when the law what passed in order to enable community choice aggregation, cleanpowersf, that was to be self-funding ~. so, the customer revenue stream that you bring in by bringing in hundreds of thousands of customers into this new program provides a brand-new revenue stream and also the revenue stream that you get from doing what lafco is about to do, which is design a local build out program which is going to bring in revenues over the long term. those are what build cleanpowersf. there is no connection whatsoever really, except for bond rating to the san francisco public utilities commission to bond for its own stand alone energy programs. that's totally different. so, the point is cleanpowersf is designed to be self-funding. it's designed not to cost rate payers, taxpayer
? >> yes, it is there and one of the tasks which is what is the energy mix and what is the best energy mix because i know that recs were a question. and as you recall, the reason why the recs increase is because there was a question from the sfpuc commission to reduce the rate down. so, we am a balancing act there. that still continues to be the issue. >> okay, great. and the role of the puc for requesting an interview, is that something that would continue to be a rate setting responsibility or what would happen? who would select? i imagine lafco would be the one to choose -- >> lafco would select the consultant, but that's what i'm requesting, that a member of the sfpuc staff be assigned to sit on the panel to assist in that selection. >> what about this rate setting function of the puc? >> that is a charter function. >> but would that still need to happen if we need into a new contract? if we went down the same road we did with shell -- >> yes. >> okay. >> okay. >> thank you. >> commissioner moran. >> thank you. a couple questions. the rfp, do you have an estimate as to what the cost is
's the practice to in the energy market and sf. coming back to actions and options, i want to spend time on the new revenue source line there. and that gets us to looking at what are our opportunities. we've been talking through this presentation about commercial retail enterprise level paying customers. sort of how did we arrive at that. what this slide shows is four different types of sales. wholesale, clean power sf, large commercial retail. so, the top column. and it shows -- it walks through the price it sold for at the top line, the transmission and distribution costs that occurred. so, those are deducted from the sale rate to arrive at a gross margin. and then we factor in other costs, costs of hetchy power, for example, local build and repayment stream, and we arrive at a net margin we look at these different types of sales opportunities. so, if you have a kilowatt hour hetch hetchy power, where did you make the most sense to deliver from that power? it you can deliver from the wholesale market. on average we'd clear about a penny. you could deliver it to the klaxon power s.f. pr
. and today worries about supplies sent energy prices rising. oil jumps 2.3%, not a huge price, but enough that you might see a bit of an increase in gasoline and home-heating prices in the next ten days or so. the effect was more dramatic on natural gas prices in europe. america's natural gas is.com nesticly produced so the u.s. is not effected directly by prices in europe. but a sharp and sustained prize in energy prices in europe would raise the unlikely but scary possibility of europe's fragile economy being pushed back into recession that could deal a direct blow to u.s. companies, investors and consumers. calls for sanctions are increasing. sanctions worked against libya and iran, but russia is closely tied to europe through those pipelines that carry crucial natural gas, so while the idea may appeal to americans, they are a harder sell in europe. the european union gets a quarter of its natural gas supplies from russia and half of that is routed through ukraine's pipeline network. any disruption would hit germany which defends on the gas to run its factories, especially hard. and if
care reform, one of the authors of this bill, mr. waxman, the ranking member of energy and commerce, from california. the speaker pro tempore: the gentleman from california is recognized. mr. waxman: i thank the gentleman for yielding to me. the truth of the matter is no matter how many votes the republicans cast to repeal the affordable care act, and no matter how many distortions they spread about the law, there are some facts they cannot change. they cannot change the fact that because the affordable care act nobody in america can ever again be denied health insurance because they have a pre-existing condition. they cannot change the fact that a woman can never be charged more than a man for the same coverage. they cannot change the fact that a family will never again be left without coverage just because their child's hospital bills got too high. these facts are stubborn. they are inconvenient for my republican colleagues, so they ignore them and they deny them. republicans have voted or will today 50 times to try to take away the basic security and freedom guaranteed by the aff
as a lost ideal? >> we're going to be looking at energy security in the next half hour of "gmt" as the white house says a billion dollars in energy aid is coming to ukraine's way. john kerry has just arrived in kiev as well. so that was our first task, was getting him to wellness. without angie's list, i don't know if we could have found all the services we needed for our riley. from contractors and doctors to dog sitters and landscapers, you can find it all on angie's list. we found riley at the shelter, and found everything he needed at angie's list. join today at angieslist.com [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay. you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car, and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? introducing starbucks via latte. instant coffee lovers now have something new to love. still running in t
cell energy and all of them hitting 52 week highs. all thanks to to as low. the unstoppable stock. adam: the obama administration is rolling out its 2015 budget and singing the familiar tune. can use a tax hikes? cheryl: oil prices reversing course, down 4% after closing at the highest level in five months yesterday. commodity analyst matt smith and phil flynn saying get used to this volatility. the energy burrito and the mighty fallen coming up next. when does your work en does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or wn your compan's bought another? is it over after you' given back? you never stop achieving. that's why, at barclays, our ambition is to always realize yours. coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody li
-of-the-above energy strategy. it's part of our focus on the floor this week, in fact. because developing our own resources just doesn't bring jobs home, it strengthens america abroad. last month the energy and commerce committee released a report that says, and i'll quote, by becoming a natural gas exporter, the u.s. can you is plant the influence of other -- supplant the influence of other importers like russia and iran while strengthening our allies and trading partners around the world. the key word in that statement is can. we can is up plant russia's influence but -- supplant russia's influence but we won't as long as we have to contend with the energy department's achingly slow approval process. as we speak, the administration is sitting on 24 applications for natural gas exports, it's approved just six in the last three years. this amounts to a de facto ban that only emboldins vladimir putin, allowing him to sell large quanltities of natural gas to -- quantities of natural gas to our allies. the american people have seen the threat that putin puts forward. they know something must be done
nuclear energy programs they've announced the details of a plan that designates atomic energy as an important source of power by nhk world you reach a cocktail of points. no the danger we will figure out how much nuclear power we need to win and we will secure that the mount wilson the draft document adopted by a group of cabinet ministers and gorse is a major change in japan's energy policy the nuclear accident in issue three years ago triggered a nationwide debate over nuclear power the ruling party of the five promises to phase out nuclear energy whizzing through the years. to go on his return to palm a good december two thousand fall collection change the situation. the prime minister called the elimination of nuclear power would be responsible the trough and the policy adopted on tuesday he says the government will restart reactors but was weakly it the latest safety regulations the document also underlines the need to learn from the nuclear accident. and he pulled themselves safe but some people question whether it is really safe to resume operations. nuclear complex amo
is no longer involved, who is creating the energy? >> sfpuc has the staff and able to do that and when the rim fire went on they were able to replace the energy and this staff is able to do that as well for scheduling and there might be some part that shell would do but you rearrange the contract to cover that. >>supervisor john avalos: we can meet with puc staff to talk about this idea and then bring it to the joint meeting as well? okay. >> miss miller? >> i would like to add that i appreciate miss mchale's comments. we designed this program to be a self sufficient program that it was going to run itself that they were not going to take other resources and apply it. in the financials which i would like to make sure that we talk about at the joint meeting, i do believe that there were provisions for paying back all the money advanced at the program and the financials handled that over a period of time and we strecht that out at one point but the plan itself, the cca program paid for itself. i don't really understand the idea if there is a budget cut because of increased capital cost on hetch
of the products to which they applied, in a very obvious way. food prices went up and energy prices went up. beyond that, these agricultural and energy products -- and especially the energy products -- are inputs to other productive processes, so other manufacturers have to use these things to produce other goods, and therefore because they were suffering cost increases, the prices of these other manufactured goods went up. schoumacher: the american economy was like a great fighter that had been stunned by an unexpected one-two punch, the food and energy supply shocks. this economic combination created something new, supply shock inflation and recession. people called it stagflation, and it was to hammer at the american economy for years to come. why did it so confound economists of the day? we put that question to economic analyst richard gill. in the old days, you used to be able to divide economists into two groups, those who worried about stagnation and those who worried about inflation. what the food and energy shocks of the early 1970s proved was that both were right. economics can be
the deficit. most important of all, it is about energy independence for our country. it is about working with canada and producing energy in this country so that we get our energy here locally rather than having to get it from the middle east. that is what americans want. they want us to be energy secure in this country. to do that, we need to produce more energy like we are doing in my state of north dakota and montana across the border. movepipeline would mode -- that loyal as well as canadian oil. it is about producing oil here, or getting it from our closest friend and neighbor, canada, rather than being dependent on the middle east. classification you to have to wait on a pipeline, how safe israel transportation of these products versus pipeline transportation? is it.that we are becoming more energy secure. it is great. it is jobs and what people want. to go with that energy, we need infrastructure. that infrastructure includes pipelines as well as moving products safely by train or truck. the keystone xl will take 500 trucks a day off rose in western north dakota. it is a safety is
the same day she's had it has shown that the decree of the stc provides the energy conservation issues. the star is located on the town feel and this is not about to score a docent olds on these rooms required information to us ventilation system installed in the civic theater is quite time consuming and almost two hundred and twenty k in about hours of interest to waste it the most important tasks set by the developers was to reduce the energy intensity of the system. stamina than to make sometimes bordered on it is not a word that explains. that meant a sea of energy conservation and ventilation systems. many clients and residents do not see this ventilation system although any building any shopping center. all these building must have a ventilation system. last season was due to ventilation come the three times as significant as he tell the whole building. from what appeared to. a system developed to suggest he's adding warmth in buildings and nigeria with the help of the keep racing. the selected item not to let it cook in a suit standing for taking back the running to the prices o
some of the biggest names in the energy business are saying about the major issues facing the industry. >>> encouraging words about the u.s. economy today from ben bernanke. in his first public speech since stepping down as chairman of the federal reserve at the end of january, bernanke spoke at a financial conference in the united arab emirates, saying the outlook for the u.s. is positive compared to the rest of the industrialized world. he believes the u.s. economy will continue growing at a rate of around 3% this year. >>> president obama may be counting on that kind of growth or even more for the year ahead as he unveiled a proposed $3.9 trillion federal budget for the year 2015. fiscal year, that is. it focuses on ending tax breaks for the wealthy in order to pay for massive improvement projects for the nation's crumbling infrastructure. >> our budget is about choices. it's about our values. as a country we've got to make a decision if we're going to protect tax breaks for the we wealthiest americans or create jobs and grow our economy and expand opportunity for every american. >>
bailout, and second, they don't control their own energy. they have to get energy from russia. they as well as europeans get russian energy, now, when you think about of what -- how can you solve ukraine. europe can't stand up to russia europe needs russian energy, i take a step back, say what happened in last week,ing in to ukraine, nobody is talking about that chinese have come out support of the russians are. and while putin was preparing this, i think he has prepared this for long time in middle of the olympics he left sochi, he went to moscow and met with egyptian defense minister, they sign an agreement saying that russia will replace united states as primary weapon supplier for egypt, that is a major strategic in middle east. because egypt and israel, have kept the peace for 40 years, not just what we're all focused on tragedy of ukraine, but a much bigger picture, where whose destiny is anyone controlling it should be a caution for united states don't get into debt, and absolutely make sure that your energy self much. much. lou: wore working on the latter, but we're so
of energy asked me to do that project in the department of energy. the department of energy was 133 task forces that needed a secretary or undersecretary had to participate in and had meetings at least once a week or whatever. i sent around a questionnaire to all of the assistant secretaries, deputies, how many up cap -- to these task force you do think we could illuminate? -- eliminate? the answer was none. even though some of them never went to them, never met, when push came to shove, they did not want to give it up because at some point in time and some future, there may be a task force that helps the department of energy. the agencies would tell us that morethey cannot give back stretch -- more spectrum, they probably needed more. if we didn't outside independent audit, we were probably get a totally different report. the chairman emeritus of energy and commerce committee. this is "the communicators." >> c-span. created by america's cable companies and brought to you as a public service. is this the technique that -- more efficient than direct mail? [laughter] -- glamour ofr reagan
at kiev business school and from washington, mihala acting director of the council's energy and environment program. jacob, is there much in the way of economic leverage at the u.s. holds in russia? >> cared to the e.u. in my opinion no. you like in europe, for instance, you could move to targeted freezes because a lot of russian least similar to what the former ukraine cocaine leadership had in europe, they had money inside the e.u. and that could be frozen. they don't have as far as i know much money in the u.s. so no, there isn't much. >> how is russia enmeshed in the economy of e.u. and europe more broadly? >> indeed, but the point is that the current situation isn't purely economic. when speaking just about the economy, western countries, european countries are interested in keeping close ties to russia in importing russian gas and exporting technology and investing into huge russian potential. but at the moment since last week we have geopolitical military situation and it prevails on economic. that is why european leaders change their minds and their statement become
of concerns that such sanctions would boost energy costs by enough to damage real economic activity. melissa: without question and to me it seems like, brian, the long-run move here is to develop even more natural gas we can export as lng or maybe we export our own technology and partner with people in europe to develop natural gas. the real power russia has is their natural resources. you think we can take that away from a market perspective? >> well you are concerned about higher energy prices especially the winter we just had. when i hear what judy said and former ambassador this would be prolonged. how will it impact my investments told to be overweight europe because europe is been improving but is a major risk to that investment thesis. you could see continued selling. wait until you see how it shakes out. don't be a hero today. melissa: what do you think about that, judy, as an arguement? developing more energy and helping the world to be more energy independent of hot spots? we don't need to just focus on middle east but energy independent of russia as well? >> absolutely. anyone inv
in the ukraine. deteriorating. the country's energy situation is crucial. after the break, we'll find out who is waiting in -- who is weighing in on the ukraine's power struggles. ♪ >> welcome back. we're taking a closer look at europe's energy situation. affected by the conflict in the ukraine. what happens next is completely up in the air. joining us now is the executive chair of the global energy symposium. let's talk about europe's exposure to russian gas and the ukrainian throughput. to what extent should we be worried by the escalating situation? >> the longer this crisis remains, the greater the impact is going to be on energy expectations in europe. we are already seeing that this morning. of any has happened great significance in the ukraine other than some russian troops showing up in the crimea. it has been enough to start spiking prices and spiking future levels. that is going to be more pronounced as we move forward. the interesting thing is what is already doing in new york, which i think is an overreaction at -- moment, given what is at what is actually occurring. i keep tell
of the finnish side with many companies which produce clean technologies including energy saving and energy efficient as well as grain production of natural resources or nature preserve in its original form. it was a very constructive meeting the deputy chairman of the comics and the cost of these maya and the saker of thearliament of finlandnd mee wreicials dised a w range of cootintof bilateral parliamentary relations as osgood be some bias noted kazakhstan is interested and active to station unfinished business in realization of the projects on the diversificati of the national economy and the vellum of science based in high tech industries the vice speaker of the senate and by the finnish companies to participate at the international exhibition expo two thousand seventeen and austin are here or here omar told about the extent of finland on themplementation of renewable energy technologies which can only cover about forty percent of the energy of the country the speaker of the famous prawn also stressed the high objectives of the momensaid the strategy of cars extended to two thousand fi
reliability standards nationwide and within the west. they are an arm of the federal regulatory energy commission and they've gotten much more diligent and involved in how utilities, electric utilities operate their system. electric utility system are interconnected and a problem on one entity system can cascade into another's. with the reliability council, what they're trying to do is make sure that that cascading does not happen and all the systems individually are operated in a way to keep their problems within their own assets. and, so, in order to comply with new rules that are coming out to address those reliability concerns, we have included in our ten-year capital plan an increase of 32.4 million to address the needed improvements. so, again, we had anticipated almost 27 million, but with the changes in regulations it needs to increase by 32.4. unanticipated at that level. and as we face all of these challenges, we still have the ongoing obligations and responsibilities that the federal law and the city charter have placed on us to operate our hetch hetchy system responsibly to
.5 billion investment in state-owned utility dong energy. (laughter) >> jon: dong energy, huh? i think they sell that at a bodaga near my house. (laughter) supposedly made from real giraffe balls but i don't know, it's unregulated. not that i didn't get results with it but it's hardly worth $1.5 billion investment, unless i'm somehow misinterpreting everything about the corporation dong energy because of the relatively juvenile attachment to the word dong. (laughter) but you know what, look how the danish people took to the streets. you know you've made it as a corporation when the majority of the country is willing to brave subzero temperatures to keep you out of its country when you haven't even done anything yet. are you there yet, bitcoin? oh, there you go. that's-- yeah. well, that's the start of a protest. are you sure that process isn't based on magic of the tiny gathering? >> (laughter) baby step, bitcoin, we'll be right back. right back. (c [ male announcer ] when you switch to sprint's new framily plan, friends are like family, so who's gonna be in yours? let's get a sound
up energy production all over the countr country, fracking, you tell me, these five things, i would think the alternative party in the country could agree with? >> well, sean, to quote jerry mcguire, you had me at hello. >> i'm trying to get an answer. >> i completely agree. yes, yes, yes and yes. you're exactly right. but look, that is presenting a positive pro-growth vision. there is a better way. we can bring back economic growth and get people back to work but not continuing down the road of the obama economic policy which is hurting millions of american's all over this country. >> are you seriously considering, a lot of people banter your name out there, are you considering a run for the 2016 presidency? >> well, i appreciate the question. right now i'm trying to win the senate. i think republicans can take control of the senate in 2014. my view as a senator, as a voter, the person who i intend to vote for is whoever is standing up and leading, whoever is effectively leading. i hope everyone stepping up. i hope we have an abundance of riches. that would be a terrific outcome fo
energy bio fuel from one of the world's most abundant life points to algae fossil fuels like oil rapidly disappearing. finding the new energy sources is critical. that's right touch of meats more authentic eco energy is finding ways to help local and international energy suppliers and infrastructure companies go green the algae is attractive because not only reduces costs and outside and smoke stacks. it also doesn't compete with cops for farmland. algae as a biofuel could produce thirty times more oil per acre than other crops such as corn and sugarcane. it will also be non toxic juice milk salt provide context and that i don't agree quickly the dpp group and the ppt fee of up to the twentieth anniversary of the eu single market we're also looking at the future of the single market and how it can cause acute europe's economic revival by creating more jobs and stronger for it. perhaps the most promising prospect is that digital single market sector. abbas potential to win hearts our lives and our prosperity. early this year the european commission tabled a proposal to reform what's known
by the russians, it has become more of a geopolitical issue. in that sense it raises the stakes in both energy prices and other risks. we might see energy prices go up. a good chunk of europe's gas supply come from russia. and if that is at risk, they could be cut off. >> when we talk about emerging markets many include russia in places where you can invest and get a very high return. iin the risk of that country suffers, they may pull back from the united states. we're talking about crimea who are holding a referendum for greater autonomy. it's a greater impact. i don't think the impact will be that great. >> there is the ethical, moral issues involved whether or not they should help the ukraine. but as far as the economic connection, you think its simpler? >> i think if the intention thes flare-up between russia and u.s. and they're start to go, and they're pushed into a corner by the u.s. and aid by the european union, there could be an impact on the global energy crisis. >> let me ask you a question. we mentioned last month china with that bad economic report and then run on currency, peop
with moisture. we just need energy to come through and work its way law the cloud covers and make rain. it did that over the weekend into last week. here is our current rainfall since it began, july 1, where we are still 35 to 45 percent of average, and now i will show you how far behind we are in terms of rain, anywhere from 6.75" in mountain field to 16 for the best radar runs with light rain falling there. you can see more on the left side of the screen which is the steady rain that is develop office the next hour or two. that will make a west commute with slick spots. watch out. we will have scattered showers tomorrow morning. the rain is over for a while. i have the seven-day forecast in a minute. cheryl and kristen? >> thank you, mike. the red carpet is again. hollywood has new golden winners. the oscars brought plenty of buzz worthy moments and surprises. katie marzullo was on hand for the glitz. >> red carpet was a black and gold ball with some stunners in black and navy. jennifer lawrence stood out in red after she got back on her feet, taking another spill this year, and the host cou
just wanted to encourage the lafco in any energy endeavors that it goes forward with to definitely -- since he spoke today, you probably know that one of the recommendationses we made to you folks is to use department of environment staff as well. we've seen that they have been ready to go on program like cleanpowersf and doing other renewable energy projects and efficiency projects and their involvement will be key. along the same lines, in a little bit of a critical vein, it would be good to know what's going on with the climate action plan that was recently put out because originally it mentioned cleanpowersf, among other things, and now it's not the same. it would be good to find out when we're going to have a hearing on that and maybe in lafco if necessary. and then finally, one of the thing that will make it possible to fund the clean energy is to develop a public bank and we hadn't heard much about that. so, just wanted to get the status on that from chair avalos and perhaps staff. thanks. >> thank you very much. we will have a hearing on march 31st related to the climate pr
and the guy that's supplying the energy for the united states? >> host: where did you read they pay for leasing of the land and taxes? >> caller: that's just on the internet. >> host: zachary goldfarb, the oil companies and gas company to pay taxes and they do have to pay the federal government to lease these lands. >> guest: that's right. the reason the government thinks is there is its multiple. first, the government belief these are public lands in many cases and some some of the benefits of that oil and gas should spread the people in those committees and around the country and not just into the pockets of the company. secondly, there is enforcement, environmental regulations in terms of government oversight when you do natural resource billing and exploration in the united states to protect in private, natural habitats and so forth. that needs to be paid for as well. i think the funds and licensing fees go to that support. >> host: freelancer on twitter, how much debt did bush leave? i read 11.5 trillion spent in eight years and the gop act like they have nothing to do with the
is blackmailing europe over energy. >> customers continue to say they need the pipeline. >> fossil fuel industry will always outspend everybody else. >> look at what is happening in ukraine. >> it's mainly about energy. >> great suggestions, one the keystone pipeline. >> marketplace continues to push to build the pipeline. >> i'm right when i talk about that inherent link between energy and security. >> i know that pipeline is necessary. >> america needs pipelines. >> good to have you with us. thanks for watching. we're getting into the say anything, do anything phase of the keystone xl pipeline. all the smart people saying we got to have it. we must not be very secure right now. if we don't build this pipeline, we're not going to be very secure. you see, conservatives what they're doing right now is that they are exploiting a foreign policy situation overseas to get something that they really want and they really don't know a whole hell of a lot about. they are shamelessly using the crisis in the ukraine to push for the keystone xl pipeline. i say not so fast. the conservative noise machine is
the government off the backs and the necks of energy companies, as i have interviewed more people in the energy world. there is more energy combined in this country, shell oil, gas and coal than in the entire middle east combined. >> they're not going to complain there is a fracking problem in his neighborhood. >> he is seeing over it. >> and the polls show that most women wish they had the luxury to stay at home and raise their children. but what the vice president is talking about is not the luxury to stay home, it is doing it on other taxpayer's dimes, to get the subsidies in order to buy the health care plans. >> that is exactly what he is saying. >> not what he is talking about. >> the family of four. >> i agree. >> he is taking money from taxpayers to support -- to not work. >> real quick. >> if you stay home with children you know you are working more than any of us who are working full-time jobs. >> wait a minute. >> sean -- >> but who is paying for her to stay home. >> oh, my goodness. >> that is how liberals would like it. >> it is hard, hard work. >> i know it is hard work but why --
a good economy, things like energy, things like financials are a hedge against that frankly is health care. we think it is the cheapest offensive sector out there and particularly we like pharmaceuticals and specifically we like pfizer. >> and you also you mentioned just financials and bank of america is another one of your recommendations. tell us what's the appeal with bac. >> like a lot of things we're looking at this year, we're looking at valuations. we think it's going to be a good year for banks in general. and we think it will be a better year in terms of stock price for those banks that are cheaper than average going into the year. we think bank of america is cheaper. we think it's going to be a good year for banks in general. >> energy has been a little bit or orphaned hasn't it, eric? >> absolutely. last year was horrible for energy. a lot of negativity was priced into commodities in general but specifically energy stocks. we think it got overdone. and again, our overweight in energy really is a manifestation of the fact that we think we're going have a good economy that's
impact for ukraine. peter cook tells us how the ukraine is fueling the energy debate here in the states. ukraine. the latest on president obama says russian president vladimir putin has breached international law. the present spoke to reporters earlier today on the situation in crimea. thatere is a strong belief russia's actions is violating international law. president putin seems to think -- has a different set of lawyers making a different set of interpretations. that is fooling anybody. everybody recognizes that, although russia has legitimate interests in what happens in a neighboring state, that does not give them the right to use force as a means of inserting influence. said heresident also has not spoken to president putin since the weekend. let's get the latest on the --und rumble bloomberg ground from bloomberg. what is the latest in the standoff? much a tensel very standoff. there's is an air base down in crimea. it was taken over by russian forces over the weekend. this morning, ukrainian troops -- 300 of them -- marched back to that base and said they wanted it back. soldie
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